earnings

SINGAPORE (Aug 18): AV Jennings, the Australian-based residential property developer, has announced FY17 earnings of A$35.7 million ($38.4 million), down 12.7% from A$40.9 million in FY16 on the back of lower revenue.

SINGAPORE (Aug 17): Hengxin Technology, the manufacturer of radio frequency (RF) coaxial cables for mobile communications in China, has announced interim earnings of RMB68.6 million ($14 million) for the 1H17 ended June, up 35.8% from RMB50.5 million in 1

SINGAPORE (Aug 17): UOB Kay Hian has upgraded its FTSE Straits Times Index (FSSTI) target forecasts up to 3,410 from 3,250 previously on “pockets of solid outperformances”  in the 2Q17 financial reporting season, which concluded this week.  

SINGAPORE (Aug 16): DBS Vickers Securities is maintaining its “buy” recommendation on Midas Holdings, the manufacturer of aluminium alloy extrusion products for railways in China, with an unchanged target price of 36 cents.

SINGAPORE (Aug 16): Healthway Medical Corporation reported a loss of $504,000 for the 1Q17 ended March, compared to $580,000 in profits posted in 1Q16 as finance costs more than doubled from a year ago on short-term borrowings.  

SINGAPORE (Aug 15): Shipbuilder Nam Cheong has sunk deeper into the red, reporting a loss RM2.1 billion ($670 million) for the half year ended June, compared to a loss of RM37 million in the same period a year ago.

SINGAPORE (Aug 15): Q&M Dental Group announced group earnings increased more than trebled to $13.64 million for 2Q17 from $3.7 million in 2Q16 due to a one-time $16.9 million gain from Q&M’s spin-off of Aoxin from an subsidiary to an associate in April.

SINGAPORE (Aug 14): The trustee-manager of Accordia Golf Trust (AGT) has declared a distribution per unit (DPU) of 1.63 yen (2 cents) for 1QFY17/18, about 17.3% higher than the DPU of 1.82 yen declared in 1QFY16/17 a year ago.

SINGAPORE (Aug 14): Energy services provider KS Energy Group announced a loss of $0.6 million for the 2Q17 ended June, narrowing significantly from the loss of $31.5 million posted in the same period a year ago.

SINGAPORE (Aug 14): Oil and gas (O&G) explorer KrisEnergy reported a smaller 1H17 net loss of US$26.1 million ($35.5 million), down from US$45.2 million in 1H16.